XML 44 R22.htm IDEA: XBRL DOCUMENT v3.20.2
Discontinued Operations and Disposal Groups (Tables)
6 Months Ended
Jun. 30, 2020
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations
The following table summarizes the operating results of discontinued operations described above and reflected within "Net (loss) income from discontinued operations" in the Company’s Condensed Consolidated Statements of Operations for each of the periods presented:
 Three Months Ended June 30, Six Months Ended June 30,
 2020201920202019
Net revenues$48  $71  $100  $131  
Total expenses61  70  119  147  
(Loss) income from discontinued operations(13)  (19) (16) 
Estimated loss on the sale of discontinued operations (a)(44) —  (74) —  
Income tax benefit from discontinued operations(16) —  (25) (3) 
Net (loss) income from discontinued operations$(41) $ $(68) $(13) 
_______________
(a)Adjustment to record assets and liabilities held for sale at the lower of carrying value or fair value less any costs to sell based on the estimated net purchase price.
Assets and liabilities held for sale related to discontinued operations presented in the Condensed Consolidated Balance Sheets at June 30, 2020 and December 31, 2019 are as follows:
 June 30, 2020December 31, 2019
Carrying amounts of the major classes of assets held for sale
Cash and cash equivalents$11  $28  
Restricted cash  
Trade receivables35  46  
Relocation receivables190  203  
Other current assets11  12  
Property and equipment, net41  36  
Operating lease assets, net24  36  
Goodwill176  176  
Trademarks76  76  
Other intangibles, net156  156  
Allowance for reduction of assets held for sale (a)(96) (22) 
Total assets classified as held for sale$631  $750  
Carrying amounts of the major classes of liabilities held for sale
Accounts payable$35  $53  
Securitization obligations113  206  
Current portion of operating lease liabilities  
Accrued expenses and other current liabilities52  62  
Long-term operating lease liabilities26  29  
Total liabilities classified as held for sale$231  $356  
_______________
(a)Adjustment to record assets and liabilities held for sale at the lower of carrying value or fair value less any costs to sell based on the Purchase Agreement.
Securitization Obligations Table
Securitization Obligations in the table above are further broken out as follows:
 June 30, 2020December 31, 2019
Securitization Obligations:
Apple Ridge Funding LLC
$106  $195  
Cartus Financing Limited
 11  
Total Securitization Obligations$113  $206